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ISOBUILD KORTEMARK

Active
Public limited companyfounded 1973active for 53 yearsMakeveldstraat 5, 8610 Kortemark, BelgiumKBO/BCE: BE 0413.000.165
Summary

ISOBUILD KORTEMARK has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66.4m and a net result of €6.8m. Equity has been growing by about 21% per year since 2018. Its solvency ranks better than 68% of 6,178 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
ISOBUILD KORTEMARKActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 13-02-1973 Normal situation
Activity
Wholesale of construction materials, general range NACE 46831
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit
2.038.463.908 8610 Kortemark, since 15-02-2002
Financial year end
31 December
Peppol
Reachable since 05-01-2026
Company details

Board and ownership

Board
  • MERVINDirector · since 01-01-2023 · permanent representative Daniël Van den Branden
  • LDB CONSULTINGDirector · permanent representative Luc De Busscher
  • VNI INVESTDirector · permanent representative Nico Vermeersch
and 1 other
Auditor
Ernst et Young Reviseurs d'Entreprises
Shareholders
Holdings
Shares in 4 companies including ISOBUILD HOBOKEN and ISOBUILD VERVIERS
Board & ownership

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Turnover
€29.8m
▲ 17.2%
Profit
€6.8m
▼ 32.5%
Equity
€66.4m
▲ 11.4%
Total assets
€107.5m
▲ 7.2%
Employees on 31-12-2025
14
=
  • 2025 accounts filed 52 days after the deadline
Financials
Score breakdownraises riskLiquidity: current ratio 19.28, cash €48,984Last filed accounts filed 52 days late; 1 of the last 3 accounts latelowers riskFounded in 1973Size: turnover €29.8m, 13.7 FTE, total assets €107.5mShow the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 57% of small companies in wholesale trade (NACE 46)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 87+3
equity 61.8% of total assets
Liquidity 50=
short-term debt 1.9% · cash 0.0%
Profitability 31+1
return on assets 6.3%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,374 companies, NACE 46, small)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.1 percentage points vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €2,950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 19.28 (21.35 in 2024), above the usual 1.5. Short-term debt is 1.9% and cash 0% of total assets. 38.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 71% of them on solvency, 62% on liquidity, 18% on profitability and 78% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1973
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €29.8m, 13.7 FTE, total assets €107.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 19.28, cash €48,984
NBB · annual accounts
raises risk · Last filed accounts filed 52 days late; 1 of the last 3 accounts late
NBB · filings
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
52 days late
2024
44 days early
2023
41 days early
2022
39 days early
2021
26 days early
2020
22 days early
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest company by total assets in Kortemarkin the Checked rankings No. 1 View
  • Positive: 8 profitable years in a rowprofit 2025: €6.8m 8 years View
  • Branch transferred to Nieuw op te richten Vennootschapcontribution on 23-02-2026 2026 View
  • Caution: Result fell in 2025from €10.0m to €6.8m ▼ 32.5% View

Recent changes

  1. · Gazette deed Demerger: ISOBUILD KORTEMARK splits off to Nieuw op te richten Vennootschap
  2. · Gazette deed Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Elien De Greef
  3. · Gazette deed Demerger proposal: ISOBUILD KORTEMARK splits off to IPCOM MIDCO 2
All 47 events

Companies linked to ISOBUILD KORTEMARK

Comparable companies

These companies have the same main activity as ISOBUILD KORTEMARK: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €21m and €369m, founded between 1938 and 1982.

CompanyTotal assetsTurnover
ISOBUILD KORTEMARK Kortemark€107.5m€29.8m
ESCO BELGIUM Frameries€44.3m€37.4m
CARMEUSE RESEARCH AND TECHNOLOGY Ottignies-Louvain-la-Neuve€369.0m€24.2m
Albert Van den Braembussche en Zonen Eeklo€63.0m€48.9m
Bouwmaterialen L. Van Den Broeck Lier€25.3m€39.5m
VAN AKELYEN BOUWMATERIALEN Zele€20.9m€17.9m
PAESEN BOUWEXPO Peer€28.1m€42.6m
Full comparison

Key facts about ISOBUILD KORTEMARK
What is the company number of ISOBUILD KORTEMARK?
The company number of ISOBUILD KORTEMARK is 0413.000.165. The VAT number is the same number with BE in front: BE 0413.000.165.
Where is ISOBUILD KORTEMARK based?
The registered office is at Makeveldstraat 5, 8610 Kortemark.Company details
What does ISOBUILD KORTEMARK do?
According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
What is the legal form of ISOBUILD KORTEMARK?
The legal form of ISOBUILD KORTEMARK is Public limited company (NV).
When was ISOBUILD KORTEMARK founded?
ISOBUILD KORTEMARK was founded on 13-02-1973.
Is ISOBUILD KORTEMARK still active?
Yes, ISOBUILD KORTEMARK is an active enterprise in the KBO register.
How many employees does ISOBUILD KORTEMARK have?
ISOBUILD KORTEMARK had an average of 13.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does ISOBUILD KORTEMARK fall under?
In its 2025 annual accounts, ISOBUILD KORTEMARK states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of ISOBUILD KORTEMARK?
The turnover of ISOBUILD KORTEMARK was €29.8m in financial year 2025, according to the filed annual accounts.
Is ISOBUILD KORTEMARK profitable?
In financial year 2025, ISOBUILD KORTEMARK made a profit of €6.8m.
Where can I find the annual accounts of ISOBUILD KORTEMARK?
ISOBUILD KORTEMARK filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ISOBUILD KORTEMARK due?
ISOBUILD KORTEMARK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.Green Leaf Topco · 16 companies

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